10 points eBook Ask Pr deferences On December 1, 20X1, Rone Imports, a U.S. company, purchased clocks from Switzerland for 15,000 francs (SF) to be paid on January 15, 20X2. Rone's fiscal year ends on December 31, and its reporting currency is the U.S. dollar. The exchange rates are December 1, 20x1 December 31, 20x1 January 15, 20x2 Required: 1 SFr -$0.70 15Fr 0.66 0.68 1 Fr a. In which currency is the transaction denominated? Denominated in